Why Boeing Can Soar 50%

Despite a fire and string of mishaps to its much ballyhooed 787 Dreamliner, Boeing should reward patient investors.

Boeing investors hit a frightening patch of turbulence this week—but shares could nonetheless surge more than 50% over the next three years.

On Monday, a fire broke out on a Japan Airlines Boeing 787 parked at Boston's Logan International Airport (see Stocks to Watch Today). Passengers and crew had disembarked and no one was harmed. The fire is believed to be related to an overheated battery, and comes after a string of other mishaps. The 787 Dreamliner, which entered commercial service in November 2011 after three years...